MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Increases Position in Coeur Mining, Inc. $CDE

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of Coeur Mining, Inc. (NYSE:CDE) by 36.3% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 23,857,511 shares of the basic materials company’s stock after buying an additional 6,352,828 shares during the period. Coeur Mining makes up about 0.7% of MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.’s investment portfolio, making the stock its 17th largest holding. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.’s holdings in Coeur Mining were worth $447,567,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. AQR Capital Management LLC grew its stake in shares of Coeur Mining by 60.2% in the first quarter. AQR Capital Management LLC now owns 748,907 shares of the basic materials company’s stock worth $4,434,000 after acquiring an additional 281,489 shares during the last quarter. Goldman Sachs Group Inc. raised its position in shares of Coeur Mining by 18.1% in the 1st quarter. Goldman Sachs Group Inc. now owns 8,352,940 shares of the basic materials company’s stock worth $49,449,000 after purchasing an additional 1,278,110 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in Coeur Mining by 122.6% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,431,244 shares of the basic materials company’s stock worth $14,393,000 after purchasing an additional 1,339,138 shares in the last quarter. Focus Partners Wealth bought a new position in Coeur Mining in the 1st quarter worth about $60,000. Finally, Intech Investment Management LLC grew its position in Coeur Mining by 58.4% during the 1st quarter. Intech Investment Management LLC now owns 269,203 shares of the basic materials company’s stock valued at $1,594,000 after purchasing an additional 99,256 shares during the last quarter. 63.01% of the stock is owned by institutional investors.

Analyst Ratings Changes

CDE has been the subject of a number of analyst reports. Roth Mkm restated a “buy” rating and set a $29.00 price objective on shares of Coeur Mining in a research note on Thursday, February 19th. Canaccord Genuity Group downgraded shares of Coeur Mining from a “buy” rating to a “hold” rating in a research note on Friday, February 20th. Zacks Research cut shares of Coeur Mining from a “strong-buy” rating to a “hold” rating in a report on Friday, February 20th. Canadian Imperial Bank of Commerce initiated coverage on shares of Coeur Mining in a research report on Tuesday, March 10th. They set an “outperform” rating and a $40.00 price target for the company. Finally, Royal Bank Of Canada boosted their price objective on shares of Coeur Mining from $22.00 to $26.00 and gave the stock an “outperform” rating in a report on Thursday, February 12th. Two investment analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $23.00.

Coeur Mining Stock Performance

Shares of CDE stock opened at $20.94 on Tuesday. The company has a quick ratio of 1.66, a current ratio of 2.47 and a debt-to-equity ratio of 0.10. The company has a 50 day moving average price of $22.76 and a 200-day moving average price of $19.07. Coeur Mining, Inc. has a 52 week low of $4.58 and a 52 week high of $27.77. The firm has a market capitalization of $13.45 billion, a PE ratio of 24.07 and a beta of 1.16.

Coeur Mining (NYSE:CDE) last issued its quarterly earnings data on Wednesday, February 18th. The basic materials company reported $0.35 earnings per share for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.08). Coeur Mining had a net margin of 28.31% and a return on equity of 18.75%. The company had revenue of $674.85 million for the quarter, compared to the consensus estimate of $668.70 million. During the same quarter last year, the company earned $0.11 EPS. The firm’s revenue for the quarter was up 120.9% on a year-over-year basis. As a group, equities research analysts expect that Coeur Mining, Inc. will post 0.58 earnings per share for the current year.

Coeur Mining Profile

Coeur Mining, Inc is a publicly traded precious metals mining company headquartered in Chicago, Illinois. The company specializes in the exploration, development and production of silver and gold deposits, with a focus on high-grade underground and open-pit operations. Through a combination of operating mines and advanced exploration projects, Coeur Mining seeks to deliver consistent production of silver and gold bullion while maintaining industry standards for safety, environmental stewardship and cost management.

Coeur Mining’s portfolio includes five principal operating mines and several exploration projects across North America and Australia.